Parts Connection January 2025 | Page 23

However, with a businessoriented administration, although it may take time, there may be a shift away from the global requirements of Basel III in the U. S.
That shift may lead to greater availability of capital to meet consumer and commercial demands.
A business-oriented administration should provide a shift towards pro-growth business instead of defensive attitudes. The anticipation of taxes being held at current rates or lowered, the potential of eliminating unnecessary regulations and lower fuel cost may be a catalyst to get projects rolling quickly.
This all leads to potential higher demand for equipment and thereby an increase in financing / leasing requests.
The lending / leasing industry is always partial to positive trends and likes to ride the wave.
The only caveat, with all the potential positive trends and attitude, is whether manufacturers can produce products in appropriate numbers to meet the demand.
Most manufacturers we speak with have issues obtaining workers and skilled labor.
This is the same issue for most, if not all businesses. Will they, or do they, have the personnel to meet increased demand?
Overall, we believe 2025 will show positive demand for equipment lending / leasing.
The“ experts” anticipate rates will decline throughout 2025. Barring any unforeseen domestic or international situations, we believe 2025 may be a good year for businesses and the capital markets.
Crane Manufacturer
Pat Collins, director of product marketing, Link-Belt Cranes
Fortunately, the market for cranes has been solid throughout 2024, and, at this point, it appears that strength will continue in 2025.
We expect some of the key drivers to be the infrastructure and CHIPS acts, waterworks projects, building of the country’ s industrial capacity, construction of data centers and wind-power work, along
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